Trump Threatens Fresh Iran Attacks, Gaza Deal, DOJ Fund, More
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AI is entering its most consequential phase where scale, safety and sovereignty will determine who leads and who lags. Join Bloomberg Tech in London on November 2nd and 3rd as global leaders across business, finance and policy examine the defining trade-offs shaping the future of AI. Thank you to our presenting sponsor, Salesforce, and supporting sponsors, IDA Ireland and Schneider Electric. Learn more at BloombergLive.com slash TechLondon.
News when you want it with Bloomberg News Now. I'm Monica Ricks. President Trump is weighing new attacks on Iran this weekend. That's according to the Wall Street Journal, which is citing sources that are now casting doubts on negotiations to end the war. The president also talked to reporters about it from Camp David yesterday.
They're being decimated. They have no Navy. They have no Air Force. They have no anti-aircraft. Doesn't mean they don't have any capability.
The U.S. and Iran exchanged more airstrikes this week, and Trump has repeatedly expressed frustration with the state of this conflict, which continues to cause disruptions to global energy markets and could create political risks for Republicans in November. But the news follows a deal Trump is calling a great breakthrough. He says Hamas has agreed to disarm if Israel agrees to end its strikes and withdraw from Gaza. Bloomberg's Dan Williams has more from Jerusalem.
The Israelis have been quietly expressing misgivings. We'll be watching tomorrow when Netanyahu convenes his cabinet to see if there's a formal acceptance of what's being called the roadmap into the Trump peace plan.
Reporter Dan Williams on Bloomberg this weekend. Israeli officials say it won't withdraw from Gaza unless Hamas gives up its heavy weaponry first, which suggests the two sides have yet to agree on a way forward. President Trump says he's willing to work with Congress to make a $1.8 billion fund to help his supporters, including January 6th rioters, federal law. Trump's decision to push the fund threatens the confirmation of his nominee for U.S. Attorney General Todd Blanch and revives an unpopular issue for Republicans ahead of midterms. But the president's pushing to get it done, saying on social media today that he wants it immediately back on the table. The fund was created as part of a settlement agreement resolving Trump's lawsuit against the IRS over his leaked tax returns.
Stocks ended a chaotic week and month yesterday as investors weighed big tech earnings and decision-making at the Fed under new chairman Kevin Warsh. The New York Times reports Warsh may now be considering scaling back the central bank's scheduled policy meetings, undoing decades of precedent. Bloomberg's Ed Kalecki has more.
Currently, Fed policymakers meet eight times a year for a two-day gathering, after which they announce their policy decision. A reduction in the number of meetings would mark a significant shift for the U.S. central bank, coming at a moment when investors have criticized Warsh's attempt to limit guidance to markets on the direction of interest rates and as the Fed faces mounting pressure to do more to curb inflation. Ed Kolegi, Bloomberg Radio.
Is Trump weighing fresh attacks on Iran and what does the Wall Street Journal report say?
The Fed held interest rates steady this week, which was expected, but investors weren't happy when Walsh declined to explain why, triggering the S&P's worst sell-off on a Fed decision day since December of 2024. Jonathan Golub is chief equity strategist at Seaport Research Partners and says this shows the market doesn't like uncertainty.
If the Fed wants to raise or lower rates, they're going to have to move less frequency in bigger amounts. The speculation around that goes up, the volatility goes up. And the value of assets, whether it be equities or bonds, is lower in that kind of an environment.
Equity strategist Jonathan Golub on Bloomberg this weekend. FIFA's president's backing off a plan now to sell a stake in the World Cup to outside investors after days of fierce international backlash. Sports marketing analyst Bob Dorfman called it shocking.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:03
2
Is Trump weighing fresh attacks on Iran and what does the Wall Street Journal report say?
3:03–4:15
3
How did Trump describe Iran’s military capabilities during his Camp David remarks?
4:15–6:24
4
What is the reported Gaza deal Trump calls a “great breakthrough” and how are Israeli leaders reacting?
6:24–7:17
Speakers
9 identifiedMore from Bloomberg News Now
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